Trilegal advised Muthoot Finance on the public issuance of NCDs
It has a shelf limit of Rs.30,000 million and the tranche I issue thereunder aggregating up to Rs.5,000 million
By : Legal Era
Update: 2022-04-22 06:30 GMT
Trilegal advised Muthoot Finance on the public issuance of NCDs
It has a shelf limit of Rs.30,000 million and the tranche I issue thereunder aggregating up to Rs.5,000 million
Indian law firm Trilegal has advised on the proposed public issuance of non-convertible debentures (NCDs) by Muthoot Finance Limited.
Under the new Securities and Exchange Bureau of India (SEBI) Issue and Listing of Non-Convertible Securities Regulations, 2021, it is the first public issuance of NCDs undertaken by Muthoot.
Certain important changes pertaining to the disclosures and the process-related compliances had been introduced in these regulations. After an analysis, it was implemented suitably.
Muthoot is an Indian financial corporation and the largest gold loan non-banking financial company in the country. It also offers foreign exchange services, money transfers, wealth management services, travel, and tourism services, and sells gold coins.
The Trilegal team was represented by Partners Richa Choudhary and Joseph Jimmy. Others in the deal were Archana Rawat (Counsel), Avanti Kale (Senior Associate), and Maitreya Rajurkar, Lalitha Nandula, Aman Bahl, and Aayush Khandelwal (Associates).